Overview
Northern Oil and Gas is the leading non-operated working interest franchise in the premier shale basins across the US. It operates with premier operators, landowners and minerals rights owners. Northern has targeted specific areas in active basins that offer the highest rates of return on oil drilling projects. The company focuses its efforts across the most prolific oil and gas producing basins in North America. It has more than 7,000 gross producing
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Read More wells. Headquartered in Minnetonka, Minnesota, the company was incorporated in 2006.
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Read More wells. Headquartered in Minnetonka, Minnesota, the company was incorporated in 2006.
Read Less
Nicholas O'Grady
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Oil and Gas Extraction
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Mining, Quarrying, and Oil and Gas Extraction
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Crude petroleum and natural gas
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Actual
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Actual
$2.23 billion
Actual
13.46%
-43.63%
$5,603
DEC
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NYSE:NOG
Contacts
Get in Touch with 6 Principals* and 31 Contacts
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Nicholas O'GradyChief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$2.23 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,409 | $1,183 | $928 |
| Net Investing Cash | -$1,675 | -$1,862 | -$1,403 |
| Net Financing Cash | $267 | $685 | $467 |
| Net Change in Cash | $1 | $6 | -$7 |
| Cash at Beginning of Period | $8 | $3 | $10 |
| Cash at End of Period | $9 | $8 | $3 |
| Capital Expenditure | -$1,692 | -$1,845 | -$1,360 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $9 | $8 | $3 |
| Accounts Receivable | $390 | $371 | $271 |
| Inventories | $ | $ | $ |
| Other Current Assets | $102 | $131 | $47 |
| Asset Summary | |||
| Total Current Assets | $501 | $509 | $320 |
| Tangible Fixed Assets | $5,082 | $3,932 | $2,483 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $5,604 | $4,484 | $2,875 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $203 | $193 | $129 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $341 | $193 | $216 |
| Liability Summary | |||
| Total Current Liabilities | $544 | $386 | $345 |
| Long-Term Debt | $2,369 | $1,836 | $1,525 |
| Other Long-Term Liabilities | $2 | $3 | $2 |
| Total Liabilities | $3,283 | $2,437 | $2,130 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1 | $1 | $0 |
| Retained Earnings | $443 | -$78 | -$1,001 |
| Equity Summary | |||
| Total Equity | $2,320 | $2,048 | $745 |
| Shares Outstanding | 99,113,645 | 100,761,148 | 85,165,807 |